Neville Rodie & Shaw Inc. Purchases 1,239 Shares of Visa Inc (V)

Neville Rodie & Shaw Inc. lifted its position in shares of Visa Inc (NYSE:V) by 1.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 120,908 shares of the credit-card processor’s stock after acquiring an additional 1,239 shares during the quarter. Visa makes up about 1.8% of Neville Rodie & Shaw Inc.’s investment portfolio, making the stock its 11th largest position. Neville Rodie & Shaw Inc.’s holdings in Visa were worth $18,147,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in V. Fort L.P. acquired a new stake in shares of Visa during the second quarter worth $120,000. Cascade Investment Advisors Inc. acquired a new stake in shares of Visa during the second quarter worth $132,000. Bridgeworth LLC acquired a new stake in shares of Visa during the second quarter worth $143,000. Ruggie Capital Group acquired a new stake in shares of Visa during the second quarter worth $164,000. Finally, Signature Estate & Investment Advisors LLC grew its stake in shares of Visa by 36.8% during the second quarter. Signature Estate & Investment Advisors LLC now owns 1,357 shares of the credit-card processor’s stock worth $180,000 after purchasing an additional 365 shares during the period. Institutional investors own 80.15% of the company’s stock.

In other news, EVP William M. Sheedy sold 3,643 shares of the company’s stock in a transaction dated Tuesday, November 20th. The stock was sold at an average price of $133.07, for a total transaction of $484,774.01. Following the completion of the transaction, the executive vice president now directly owns 241,983 shares of the company’s stock, valued at $32,200,677.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP William M. Sheedy sold 99,636 shares of the company’s stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $139.28, for a total value of $13,877,302.08. Following the transaction, the executive vice president now directly owns 296,925 shares of the company’s stock, valued at $41,355,714. The disclosure for this sale can be found here. 0.14% of the stock is owned by corporate insiders.

A number of equities research analysts recently commented on V shares. Wells Fargo & Co lifted their price objective on Visa from $161.00 to $175.00 and gave the stock an “outperform” rating in a research note on Monday, October 1st. Royal Bank of Canada lifted their price objective on Visa to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 5th. Zacks Investment Research raised Visa from a “hold” rating to a “buy” rating and set a $168.00 target price for the company in a research note on Tuesday, September 25th. Credit Suisse Group boosted their target price on Visa from $150.00 to $164.00 and gave the company an “outperform” rating in a research note on Monday, October 8th. Finally, JPMorgan Chase & Co. reissued a “buy” rating and issued a $166.00 target price on shares of Visa in a research note on Thursday, October 25th. Two research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company’s stock. Visa currently has an average rating of “Buy” and an average price target of $156.09.

V stock opened at $134.42 on Friday. The company has a quick ratio of 1.69, a current ratio of 1.61 and a debt-to-equity ratio of 0.58. The stock has a market cap of $271.31 billion, a PE ratio of 29.16, a PEG ratio of 1.45 and a beta of 1.11. Visa Inc has a fifty-two week low of $106.60 and a fifty-two week high of $151.56.

Visa (NYSE:V) last posted its quarterly earnings data on Wednesday, October 24th. The credit-card processor reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.01. The company had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.44 billion. Visa had a return on equity of 38.00% and a net margin of 49.98%. As a group, equities research analysts anticipate that Visa Inc will post 5.32 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 4th. Stockholders of record on Friday, November 16th will be given a dividend of $0.25 per share. This is a boost from Visa’s previous quarterly dividend of $0.21. This represents a $1.00 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Thursday, November 15th. Visa’s dividend payout ratio is currently 21.69%.

TRADEMARK VIOLATION WARNING: This report was first published by WKRB News and is owned by of WKRB News. If you are reading this report on another website, it was illegally stolen and reposted in violation of United States and international trademark and copyright laws. The legal version of this report can be read at https://www.wkrb13.com/2018/11/23/neville-rodie-shaw-inc-purchases-1239-shares-of-visa-inc-v.html.

Visa Profile

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

Read More: How Buying a Call Option Works

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc (NYSE:V).

Institutional Ownership by Quarter for Visa (NYSE:V)

Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply